Get Ready to be More Taxed With Finance Bill 2012


If you are also claiming tax return for charity and donations, you have to grant the details like the name, permanent address and account details of the donor.

If you are alleging tax relief under the clause of double taxation avoidance agreement for the taxes paid in foreign country, then details like the country name, income and taxes paid in that country , tax identification number used in that country, need to be provided.

This scheme is obligatory for those also who have income of more than 10 lakh and for those who are residing in India but have assets abroad.